Wolters Kluwer (OTCMKTS:WTKWY) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $78.94 and traded as high as $79.1136. Wolters Kluwer shares last traded at $78.39, with a volume of 58,032 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Cowen assumed coverage on Wolters Kluwer in a report on Thursday, September 10th. They issued a “buy” rating for the company. The Goldman Sachs Group began coverage on Wolters Kluwer in a report on Wednesday, June 3rd. They set a “neutral” rating on the stock. Finally, TD Securities upgraded Wolters Kluwer to a “strong-buy” rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65. The stock’s fifty day moving average is $79.09 and its two-hundred day moving average is $75.00.

Wolters Kluwer Company Profile

Wolters Kluwer N.V. is a global provider of professional information, software and technology-enabled services. The company serves professionals and organizations in the health, tax and accounting, legal, regulatory, financial compliance, risk management and corporate performance sectors.

Its products and services include clinical decision-support and medical research tools such as UpToDate, tax and accounting software and content offered under brands including CCH, audit and risk management solutions such as TeamMate and governance, risk and compliance platforms including Enablon.